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The Bitcoin Gospel

A devoted group of entrepreneurs and activists believe they see the writing on the wall, and they’re determined to add a new chapter. In their view, the world banks and governments harbor too much control over the financial vitality of the masses. But what if an ordinary citizen could bypass all the regulation and manipulation of the financial industry to become their own bank? The insightful new documentary The Bitcoin Gospel examines one such method for making this hypothetical a tangible reality.

The concept took hold in 2009 following the global financial crisis of the previous year. Rising from the ashes of that catastrophe, Bitcoin represented a tidal shift in the way we procure, save and spend money without involvement or interference from banks or other mediators. In short, this exciting new digital currency held the promise of a world in which we would no longer be slaves to the financial elite. Consumers could buy and sell goods anywhere around the world without the constrictions of currency exchange or conversion.

While the popularity of Bitcoin has blossomed since its initial inception, the system has faced significant hurdles and adversity along the way and a number of setbacks are now beginning to come into focus. In cutting out the middleman, Bitcoin provides an escape from the burdensome fees that banks and other institutions normally charge for traditional transactions. But that anonymity comes at a price; it may appeal to most users for their legitimate every day transactions, but it can also empower greater flexibility for criminal activities to flourish.

Detractors also claim that the rising prominence of Bitcoin has inspired exactly the sort of elitist society the system was devised to defeat. As a result of these and other concerns, the currency has inspired the critical eye of government legislators and major players from the monetary sector.

The Bitcoin Gospel covers all of these issues and more in admirably even-handed fashion. According to the evidence and testimony presented in the film, and in spite of its myriad of potential defects, Bitcoin represents a growing movement of citizens who want to redefine the nature of capitalism on a global scale.

More great documentaries

  • The Blockchain and Us Economics — 31 min — ★ 6.33 Global awareness of bitcoin has spread like wildfire in the.
  • Bitcoin: Beyond the Bubble Technology — 35 min — ★ 8.57 If the notion of bitcoin intrigues you, yet you find.
  • The Bitcoin Psyop Technology — 28 min — ★ 7.51 Do bitcoin and blockchain represent the technological.
  • The Spider’s Web: Britain’s Second Empire Conspiracy — 78 min — ★ 9.13 In the days of the British Empire, London served as the.

12 Comments / User Reviews

are you not expected to close a cab door after you get out?

Bitcoin (and crypto currencies) are great when they work. Anything that frees us from the corrupt systems created for the financial elite are great. But, I just posted this on the Block Chain documentary:

Mitch & Eugene are on it. When I first listened to that «5 Ways to Describe Blockchain» video on Gootube, I thought great! but by the time the pretty lady got to the creepy ending — I thought «Oh F. » We’re doomed.

I did my time w/programmers in big corps. Love them dearly. But they all have the same blinders on -he who pays for the development rules the outcome.

A system based on the amount of information you reveal about yourself to build your ‘level of trust = value» to that system is beyond totalitarian. It’s like monetizing the pathetic mantra «I don’t care about personal privacy because I have nothing to hide.» Really?

Sure, I love the idea of ridding ourselves of the killuminati bankers and their satanism and pedophilic lifestyles. but they own the Internet.

Do you really think they care what these geeks are doing? They don’t. They know if there is ONE global financial platform for day to day transactions — they win the game. NWO, Agenda 21, The Phoenix Project Fusion Centers, FEMA camps, Morgellons, 5G/Mk Ultra Sat Nets-Smart Grid, etc. No need to transition us through plastic money they can defund when they want too. They’ll just prevent our access to the medium of the internet — and you can probably think of a really long list of ways they could do that.

Qibs;
Shares or certificates are just another form of currency which has value because people have given it value, and that value fluctuates based on other markets (gold, oil, projected future value of a corporation. ) Bitcoin is exactly the same. Also who is stopping him from transferring his Bitcoin into the currency of his choice? (rhetorical).
Nobody!

It would seem the govt would outlaw crypto electronic currencies if they became too popular, too widespread. Would you just go quietly home from you seat of power and income or would you try to maintain your power and source of income from a pesky competitor?

Hopefully people will see to it that doesn’t happen. Govt controlled cashless economy means you simply will have to be happy and smile at everything govt does to you and how much they decide to take. Much the same as being nice to the boss who may fire you. Are you going to irritate those who can easily just turn off your account?

For the rose colored glasses wearers, and I know some, who think govt is just people trying to do good . you just haven’t had enough experience with govt. Get back to me when one of their oil and gas company friends wants to put a pipeline through the money making part of your property. Or that biz Y will pay them more in taxes than you do so they are going to confiscate your street corner biz X and give it to biz Y. That was determined to be fine by the US Supreme Court. Anyone who has read the Constitution knows that is the OPPOSITE of what it intended. And just WHO do they think they are? They are just flawed people like any other. There simply needs to be a quicker and easier (and ethical 😉 way to get rid of treasonous presidents and supremes.

Bitcoin could go a long way to straightening out a lot of messes of problems govt causes, a lot of thieving it does.
Do I own any? Not yet but considering it.

It is interesting how people can watch a video and process it so differently. Some people have strange filters and limited comparators based on limited information and experience. Others see the exact opposite of what was shown legitimately (not trying to fool anyone).

Commenter «Face» sees people making money off of money when the chart went up and it went down. When the bitcoin miner describes some he knows as losing money at mining them. Very similar to gold miners, some win, some lose. However both contribute to the money supply so that the price of gold nor bitcoin rise too rapidly unless there is another reason besides lack of supply. Rather than hording, Gold miners often sell into a rising market for two reasons: 1. They have no idea how high it will go. 2. To meet current expenses. Some Gold miners hold onto gold in a falling market hoping for a higher price in the near future or they sell to the futures market getting a higher price now for delivery later when it is lower yet. It is somewhat similar for Bitcoin except for the absolute upper limit on supply. The major risk to the Bitcoin miner is if it were to fail. So as the shoe maker/repairer said, he exchanges Bitcoins for Euros (thinking that the Euros are less likely to fail and maintain their value). Now if one were paying attention to economics and nonsense going on in the Eurozone, one would have good reason to believe that Bitcoin «may» outlast the Euro and «may» be a better store of value.

What M. Bell above calls a scam applies to the current fiat paper money system: People attributing value to something that is worthless (except the micro amount the paper and ink cost). Any money system is attributing value to some Thing. Why was Gold priced below $300 in 2001 and 10 years later over $1300 ? Yet those who don’t look around to see what there is to see, think Bitcoin should be stable and not rise against a fiat money system where the private banksters print as much as the govt wants to borrow, while you get 2 wonderful benefits: 1. Loss of the value of the money you exchanged your work, your time of life for. 2. You get to pay the taxes on all the wasteful spending to buy the votes of those who prefer not to work rather than vote the bums out.

Rather than date transaction accounting, several banks issuing debit cards will rearrange your spending time and date to cause you the highest fees. Then of course notify you of the overage in the slowest way possible, by mail, so that your fee will be even higher. They call this legal since your bankster bought and paid for congress approved it.

What happens when a significant portion of the people using credit cards cannot pay what they owe? Theoretically the bank should fail and the deposit insurance should pay those who had deposits. until the insurance runs out, which won’t take long at all. Then who knows when you will get paid. Could be a couple years or more. Today, with govt approved mark to fantasy accounting, banks get to value those debts as assets and remain open and get bailed out by the taxpayer for operating cash to pay their employees and the power company to keep the doors open. As soon as people get tired of paying for this nonsense many banks will fold. Not only for bad credit card debt but they doubled down on bad mortgage risk as well.

All of the above nefarious bank activity are the very intended consequences of the powers that be, the banksters, to arrange a tighter grip on every aspect of your life when you beg for relief from starving, when the property tax and income tax upon farmers comes to the point they decide it isn’t worth it. All of which would be avoided using gold or the more convenient bitcoin.

If there was a means to feed gold into a Bitcoin machine and get gold out of a Bitcoin machine, the people would be MUCH freer, without big brother trying to squeeze you for every dime to buy another vote with. It «seems» that «may» make the Bitcoin more stable in price. However, it would cause all fiat(backed by nothing [all major currencies]) paper currency to fall to nothing eventually, as it rightly should since it truly has no value but that which is agreed upon by those using it as a medium of exchange. No need to use it any more if/when a no or super low commission way of exchanging gold for bitcoins.

Unfortunately, there are gold hackers (counterfeiters) so the machine would have to have a good way to make sure it was actually gold, for those of you who see the biz opportunity.

Does Apple hate bitcoin? A look behind Gliph’s (temporary) removal from the App Store

Apple rules its iOS kingdom with an iron fist. The company rejects apps from its App Store, often without explanation and occasionally seemingly in conflict with its own stated rules or prior behavior toward comparable apps. Surefire ways to draw Apple’s wrath are to feature adult content, take unauthorized control of a user’s device, or otherwise break the law – be it the laws of a given country, or those which Apple has unilaterally created for its App Store.

Bitcoin is none of these things. And yet, Apple has emerged as anti-bitcoin, removing numerous bitcoin-related apps from its App Store – but not all. The company typically cites the app’s failure to “comply with all legal requirements in any location where they are made available to users,” per App Store Review Guidelines section 22.1, without providing any further clarity or guidance. The latest victim of such an App Store removal notice is Gliph.

Gliph is a private and secure communication and payments app designed for environments like Craigslist and cross-border ecommerce. The company describes itself as “the first fully-native iOS app approved by Apple for the App Store to send and receive Bitcoin” and “the only application that integrates with three major Bitcoin Wallet providers, Coinbase, BIPS and Blockchain.info.”

The company recently submitted an App update (Version 1.85) to Apple for approval, the 25th such update it has submitted since launching in February 2020 and the eight since incorporating bitcoin functionality in May 2020. Version 1.85 added the ability to scan QR codes pointing to a counterparty’s bitcoin wallet, allowing the user to send payments without having to key in a lengthy wallet address. This was the only change to the app’s functionality, according to Rob Banagale, Gliph’s co-­founder and CEO. Other non-functional changes included an updated visual design in accordance with the new iOS 7 design language and the inclusion of additional merchant integrations.

Not only was the latest update rejected – based on the above-described failure to comply with legal requirements – but Apple also insisted that Gliph remove existing functionality from the current version of its app (Version 1.80) which was already in the app store. The company was given until December 3 to submit an appeal of this decision. Despite this fact, Gliph version 1.80 was removed from the App Store on December 2 without warning. At proverbial gunpoint, the company relented and amended version 1.80 to remove the ability to send Bitcoin from within the app. This functionality is still available in the company’s Android and mobile Web product, which itself is accessible through any iPhone Web browser.

Banagale published a lengthy blog post this morning delving into “The State of Bitcoin Mobile Applications in the App Store and Google Play.” In it he also published the full text of his appeal letter to Apple’s App Review Board and details of his communication with the company during this appeals process. It’s a rare and potentially instructive look inside the way Apple rules its fiefdom.

As Banagale notes in both his blog post and appeal letter, Apple’s policy toward bitcoin-related apps seems inconsistent and potentially ill-informed. He writes:

Despite this breaking of a previously established agreement about our app, our bigger concern was that the Apple representative seemed to lack a basic understanding about the difference between trading and transferring Bitcoin. These are significantly different things, especially with regard to potential future regulation.

The company has previously removed several apps that offer some form of wallet functionality – the ability to send, receive, and store bitcoin – including Bitcoin Express, Bitpak, and Coinbase. At the same time, it allows others such as Blockchain and Coinjar to remain. At best, this is an indication that Apple is unaware of its own policies toward bitcoin or is sloppy in their enforcement. More cynically, it’s an indication that Apple doesn’t understand bitcoin and thus can’t distinguish between functions of similar apps.

You may be aware of one or more apps in the App Store that still offer useful Bitcoin functionality. Why are those still available? While we have our own guesses, we believe it is in the best interest of the Bitcoin community to avoid naming the remaining useful bitcoin apps and speculating publicly on why these apps remain in the store. Though, given Apple’s prior behavior, it is most likely a matter of time before they are removed.

Gliph is not a bitcoin wallet, nor is it an exchange or trading platform. At its most basic level, the app offers secure text messaging and the ability to integrate with third-party bitcoin wallet platforms which it then calls upon via API to complete transactions. The app does send bitcoin via these third-parties, but does not receive bitcoin, exchange bitcoin for government currency (like USD), or trade bitcoin for other bitcoin (something that could facilitate money laundering).

The CEO offers three reasons why Gliph does not violate section 22.1 of Apple’s App Store Review Guidelines. While his lengthy discussion are worth reading in full, the high points are:

The existing Gliph iOS app is not in violation of any local laws because it neither sends nor receives Bitcoin. [PandoDaily note: It does facilitate sending bitcoin indirectly, through a third-party API call]

The existing Gliph iOS app does not “trade” Bitcoin.

The newly submitted Gliph iOS app does not add functionality that violates local laws.

Apple declined to specify in which jurisdiction Gliph violates legal requirements, but the app is available for download “worldwide,” or in every jurisdiction which Apple offers its App Store.

Bitcoin is being evaluated and discussed at length by a number of leading world governments, but none to date have banned its use. The United States has required that exchanges operating within its borders register as Money Transmission Businesses – a designation which would not apply to Gliph since it does not handle any bitcoin or fiat currency. The closest thing to an outright ban came this past week, in China, where banking regulators announced that bitcoin and other virtual currencies are legal to use between citizens, but are not to be used by banks, payment companies, or merchants. Notably this occurred after Gliph’s app was rejected by Apple.

Banagale requests that Apple develop clear App Store guidelines dealing with bitcoin. His three recommendations, which may be viewed as self-serving, are:

1. Allow apps that facilitate or directly move Bitcoin from one wallet address to another.

2. Do not allow apps that “trade” or exchange fiat currency for Bitcoin.

3. Allow apps that read Bitcoin addresses by scanning QR codes.

In his letter, Banagale is surprisingly cordial and complimentary toward Apple. Perhaps this is just wise diplomacy. He notes that not only are he and his team avid iOS users themselves, but that one of his iOS developers, James Lawton, previously worked on Apple’s own retail store and concierge app. Since its beginnings, the company has developed for iOS first, with its Android app typically lagging behind its iOS version in terms of features. In other words, we’re the good guys.

Unfortunately, if history is any guide, Gliph is unlikely to get much of a response from Apple or see much softening in its stance against bitcoin. The company is notoriously stubborn and opaque in its dealings with App Store approval matters. And while the bitcoin phenomenon is certainly growing rapidly, it is anything but mainstream. Apple’s target is mainstream. Until the legality surrounding bitcoin is crystal clear, and the demand for access to bitcoin tools is widespread, Apple presumably sees little incentive and plenty of risk in supporting related apps.

“If there’s anyone that can take this fight up with Apple more effectively, it’s Apple’s customers,” Banagale says. “Customers should contact Apple directly.”

Banagale’s blog post addresses the question, Why is it important for there to be useful Bitcoin apps? He writes:

Bitcoin skeptics don’t see the proof-of-work from mining as a good reason for there to significant value in the currency. Instead, the focus is on whether Bitcoin has value because it is a generally accepted form of payment for goods and services.

Since Bitcoin is electronic, and many things need to be paid for on-the-go, the smartphone is the natural device for use of Bitcoin. This makes use of Bitcoin on a smartphone an important contributor to sustained value of Bitcoin as a currency.

In other words, this is a chicken and egg situation. For bitcoin to become more widely adopted, there needs to be easy to use tools making the virtual currency more accessible to mainstream users on the platforms they already use – platforms like iOS.

Unlike Apple, Google has yet to request remove a Bitcoin app from Google Play, or request that a developer remove bitcoin functionality from an existing app. As a result, the Android ecosystem is crawling with bitcoin apps – something that was briefly the case on both iOS and Android. The company has not explicitly endorsed or approved bitcoin, but appears to be taking a wait and see attitude toward the evolving regulatory situation. Whereas Apple was proactive and conservative, maybe even pessimistic, Google appears willing to remain passive and, dare I say it, optimistic.

Bitcoin is a global phenomenon and Android is the mobile platform with the largest global market share. To that end, it would not be the end of the bitcoin ecosystem if Android became the exclusive home of bitcoin on mobile. But, Apple has repeatedly demonstrated its ability to validate and bring mainstream previously marginalized technologies such as touch screens, voice commands, and biometric sensors, among others.

The fear is that without Apple’s buy in, bitcoin will remain a quirky technology for government conspiracy theorists, crypto-nerds, and those lurking in the internet’s shadows. Recent events have demonstrated that bitcoin is already moving beyond this crowd, but Apple’s rejection of the platform could conceivably stall this progress.

Gliph is currently fundraising and had two investments pending at the time it received its rejection notice from Apple. Fortunately for the company, these investors followed through on their commitment to back the company despite the uncertainty of the current situation. The latest funds bring the three person company to just $400,000 in backing to date – it had raised $250,000 previously, in part through its participation in the Boost.vc accelerator and is targeting an additional $500,000 as part of this ongoing round. Current backers include, Boost VC, Bitcoin Opportunity Fund, Rogue Venture Partners, Pantera Capital, Portland Seed Fund, Tim Draper, Zander Adell, and Tom Sperry.

It’s still early days for Gliph, which has just 25,000 total users across both iOS and Android. Given the uncertainty around its future on the iOS platform, the company will begin dedicating the majority of its resources toward Android. IOS users will still have access to the company’s now stripped-down native app and its full-featured mobile Web product.

Banagale views himself as an early founder in the bitcoin industry and thus holds a sense responsibility toward the rest of the community to spread awareness and increase bitcoin adoption.

“I feel like it’s important to give this detailed look at the state of bitcoin on mobile and promote what’s best for the industry,” he says in a telephone interview. “It’s an honor to be involved at this early. It’s almost like evangelizing on behalf the Internet itself. Bitcoin is so much bigger than Gliph. It’s bigger than Apple.”

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    № 1 в рейтинге! Лучший брокер с самыми большими бонусами за открытие счета! Гарантия честности и надежности. Идеально для новичков!

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    Большое количество инструментов для трейдинга. Хороший выбор для опытных трейдеров!

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